BYD Company (BYDDF, BYDDY) shook up the electric vehicle (EV) sector on Tuesday, unveiling its God's Eye driver-assistance system, which will now come standard on most models at no extra cost.
At a Monday event in Shenzhen, BYD announced that vehicles priced from 100,000 yuan ($13,700)including the affordable Seagull hatchbackwill feature the system. The God's Eye platform offers three tiers:
Founder Wang Chuanfu emphasized that autonomous driving is becoming accessible to all, intensifying competition for Tesla (NASDAQ:TSLA), NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV) in China.
While BYD shares hit a record high in Hong Kong, the stock traded lower in the U.S. on Tuesday, impacted by ongoing tariff and trade war concerns.
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